Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$761,513$700,200
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$3,808$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$5,056.33$4,848.04
2nd payment$0.00$0.00
Taxes / mo$648.33$648.33
Insurance / mo$216.67$216.67
MI / mo$0.00$140.04
HOA / mo$43.00$43.00
Total monthly$5,964.33$5,896.08
Cash to close$16,487$77,800